Describe how businesses approach segmentation in market. Why market segmentation could help businesses to achieve the goals of their strategies? What approaches can be used to segment the market? How can this lead to competitive advantage?

  1. Describe low-cost strategy. How does this strategy is different from differentiation and how it can relate to differentiation?
  2. describe what differentiation strategy is and how products and services are offered under this strategy? What is branding and how that concept relates to differentiation.
  3. Describe how businesses approach segmentation in market. Why market segmentation could help businesses to achieve the goals of their strategies? What approaches can be used to segment the market? How can this lead to competitive advantage?
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